Legal Encyclopedia. Letter O

BODIES, carry out financial activities

The following bodies carry out financial activities.

The Ministry of Finance - the body of special competence, carrying out financial operations, ensuring implementation of a uniform financial, budgetary, fiscal and monetary policy.

Ministry of Finance Tasks:

1) improvement of the budget system;

2) the development and implementation of a single financial policy;

3) the development of projects of the federal budget and ensure its implementation, preparation of report on its execution;

4) management of the state internal and external debt;

5) development of a unified methodology of the budgets of all levels and of their accounts;

6) providing methodological guidance accounting report, the overall audit. The functions of the Ministry of Finance are financial planning, financing (the main manager of funds), financial control - the federal budget and state off-budget funds - auditing and verification, review - activities of insurance organizations and the general audit, as well as the issue of government securities.

The tax authorities - a unified system of bodies exercising control over the observance of the tax legislation of the Russian Federation, as well as the correctness of calculation, completeness and be sure to make the appropriate budget of taxes and other obligatory payments.

Topping the tax authorities of the Ministry of Taxes and Levies of the Russian Federation. The system includes the state tax inspectorate on the subjects of the Russian Federation, cities, counties and districts within cities.

The functions of the tax authorities are monitoring compliance with the legislation on taxes and fees, as well as legislation on the use of cash registers, registration of taxpayers, collection is not made on time payments, the application of financial sanctions, filing lawsuits in the courts. The basic rights of the tax authorities are requisitioning documents from the taxpayers, are the basis for calculation of the tax and its payment, tax audits, withdrawal during document checks,

evidence of fulfillment of the tax legislation, including they are authorized to inspect any used

taxpayer for the extraction of income production, storage and other facilities and areas.

It is the responsibility of the tax authorities is included compliance with the legislation on taxes and fees, maintenance of timely registration of taxpayers, conducting explanatory work with them on the application of the tax law, the observance of tax secrecy, and others.

Federal Treasury.

The objectives of the bodies of the Treasury is to organize and monitor compliance with the federal budget, revenue management and the federal budget expenditure, regulation of financial relations between the federal budget and state extra-budgetary bodies, forecasting the volume of public finances, as well as operational management, operation and maintenance together with the Central Bank of Russia state domestic and foreign debt.

The functions performed by the Federal Treasury, include the implementation of treasury execution of the budget, ie budget management of accounts, budget funds on bank accounts opened in the (main), the implementation of the preliminary and current control, exercise control over the operations.

During the financial control of the federal treasury has the right to suspend operations on the accounts of enterprises using budget funds and seize documents showing the financial

offense indisputably collect the funds allocated from the federal budget and used not for its intended purpose, impose on financial-credit organizations fines.

Banking institutions. Bank -Lending organization, which has the exclusive right to carry out banking operations in aggregate: 1) to attract funds from legal entities and individuals;

2) placement of these funds on its own behalf and at their own expense on condition of repayment, serviceability, urgency;

3) opening and maintaining bank accounts of individuals and legal entities;

4) for the implementation of settlements on behalf of individuals and legal entities on their bank accounts;

5) on the opening of points of sale of foreign currency;

6) for the issuance of bank guarantees;

7) on operations with precious metals and stones.

Outside of banking credit organization -organization having the right to conduct individual banking operations.

The system of banks headed by Central Bank.

The main objectives of the Bank of Russia are the protection and stability of the ruble, its lending power and exchange rate against foreign currencies, the development and consolidation of the Russian banking system, ensuring efficient and uninterrupted operation of the payment system.